Salesforce (CRM) on Wednesday shocked the heck out of Wall Street — and, probably, the five hungry activist investors clamoring for changes at the Marc Benioff-led software giant.

Leaders at Salesforce dropped several bombs on a late Wednesday earnings call that could reset the negative narrative swirling around the company's flagging stock price.

A disbanding of the M&A committee that has been driving costly purchases of names like Slack and MuleSoft. Promises to hit 30% operating margins by early 2024, up from mid- to high-20s currently. And the reveal of a new $20 billion stock buyback.

Benioff was in good spirits — and clearly focused on margin improvement — when Yahoo Finance caught up with him post earnings call.

"We have hit the hyper-space button," Benioff said (video above).

Salesforce shares surged 12% in afternoon trading Thursday to hover near $190. The company's ticker page is the most visited on the Yahoo Finance platform.

Here's the vibe among Wall Street analysts in the aftermath of that hyper-space button smash by Benioff.

Wedbush

• Analyst: Dan Ives

• Rating/Price Target: Outperform; $220

• The Buzz: "With activists swirling and Street frustration at a boiling point, Benioff & Co. with its back against the wall delivered a monster quarter and guide for the ages that will silence the doubters this morning."

Jefferies

• Analyst: Brent Thill

• Rating/Price Target: Buy; $250

• The Buzz: "Salesforce delivered the trifecta — growth, margins, and share buybacks."

Macquarie

• Analyst: Sarah Hindlian-Bowler

• Rating/Price Target: Outperform; $225

• The Buzz: "This report will leave many scratching their heads as it shows macro uncertainty and some slowing to teens growth, but margins were outstanding, and the company outperformed its and the Street’s expectations. We continue to be firm in our view that Mr. Benioff and Ms. [President and CFO Amy] Weaver are onboard with steering the company forward, and Q4 is evidence of that."